X0101 EFFECT 33 LIVE 2012-02-02 10:45:00

N-14

0000915802 FINANCIAL INVESTORS TRUST 333-178723 0000915802 FINANCIAL INVESTORS TRUST S000036389 Emerald Banking and Finance Fund C000111283 Class A 0000889188 Forward Funds S000006577 Forward Banking and Finance Fund C000017951 Class A 0000915802 FINANCIAL INVESTORS TRUST S000036389 Emerald Banking and Finance Fund C000111284 Class C 0000889188 Forward Funds S000006577 Forward Banking and Finance Fund C000017952 Class C 0000915802 FINANCIAL INVESTORS TRUST S000036389 Emerald Banking and Finance Fund C000111285 Institutional Class 0000889188 Forward Funds S000006577 Forward Banking and Finance Fund C000063090 Institutional Class 0000915802 FINANCIAL INVESTORS TRUST S000036389 Emerald Banking and Finance Fund C000111286 Investor Class 0000889188 Forward Funds S000006577 Forward Banking and Finance Fund C000063091 Investor Class 0000915802 FINANCIAL INVESTORS TRUST S000036390 Emerald Growth Fund C000111287 Class A 0000889188 Forward Funds S000006576 Forward Growth Fund C000017949 Class A 0000915802 FINANCIAL INVESTORS TRUST S000036390 Emerald Growth Fund C000111288 Class C 0000889188 Forward Funds S000006576 Forward Growth Fund C000017950 Class C 0000915802 FINANCIAL INVESTORS TRUST S000036390 Emerald Growth Fund C000111289 Institutional Class 0000889188 Forward Funds S000006576 Forward Growth Fund C000063088 Institutional Class 0000915802 FINANCIAL INVESTORS TRUST S000036390 Emerald Growth Fund C000111290 Investor Class 0000889188 Forward Funds S000006576 Forward Growth Fund C000063089 Investor Class